Labour-Market Discrimination,which Keeps One Group of Workers Out of Elite

question 24

Multiple Choice

Labour-market discrimination,which keeps one group of workers out of elite (E) occupations and limits them to ordinary (O) occupations,will have which of the following effects?

• A)a decrease in supply and higher wages in the E occupations
• B)more employment in the E occupations
• C)a decrease in supply and lower wages in the O occupations
• D)more unemployment in the E occupations
• E)a decrease in supply and higher wages in the O occupation

---

Definitions:

Warranty Expense

Costs anticipated by a company for the repair or replacement of defective products during the warranty period, treated as a liability until used.

Estimated Cost

A projection or forecast of the total costs associated with completing a project, manufacturing a product, or providing a service.

FICA Taxes

Taxes imposed on both employees and employers to fund Social Security and Medicare in the United States.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within the normal operating cycle of a business, typically one year.